Hong Kong (CNN) China has welcomed an offer from the Trump administration to talk trade despite a US threat to impose steep new tariffs on a huge range of Chinese goods. Chinese Commerce Ministry spokesman Gao Feng said Thursday that the two governments were discussing details for a new round of negotiations. "The escalation of trade conflicts doesn't benefit either side's interests," Gao said at the ministry's weekly news conference. The possibility of renewed high-level talks comes as the trade war between the world's top two economies appears set to intensify. Trump's top economic adviser, Larry Kudlow, said Wednesday on Fox Business that the US government had received information that "the top of the Chinese government wished to pursue talks."

Source: CNN September 13, 2018 04:16 UTC